Airtel Africa (LON:AAF) Sets New 1-Year High – What’s Next?

Airtel Africa Plc (LON:AAF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 148.10 ($1.84) and last traded at GBX 147.50 ($1.84), with a volume of 10074582 shares. The stock had previously closed at GBX 145.20 ($1.81).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Airtel Africa from GBX 121 ($1.51) to GBX 128 ($1.59) and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Airtel Africa Trading Up 1.6 %

The firm has a market cap of £5.44 billion, a price-to-earnings ratio of -4,916.67, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company has a quick ratio of 0.26, a current ratio of 0.52 and a debt-to-equity ratio of 180.85. The business has a 50 day moving average of GBX 114.74 and a 200 day moving average of GBX 112.62.

Insider Buying and Selling at Airtel Africa

In other Airtel Africa news, insider Shravin Bharti Mittal purchased 688,175 shares of Airtel Africa stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of GBX 98 ($1.22) per share, with a total value of £674,411.50 ($839,028.99). Over the last 90 days, insiders bought 16,493,062 shares of company stock valued at $1,719,710,302. Company insiders own 72.58% of the company’s stock.

Airtel Africa Company Profile

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.